# PPP loan: OCEAN FIVE HOTEL LLC
> **$171K** approved 02/04/2021 · Paid in Full · Loan `2816708404`
## Borrower
- **Name:** OCEAN FIVE HOTEL LLC
- **Address:** 436 Ocean Dr, Miami Beach, FL, 33139-6614
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $171K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Ocean Bank
- **Servicing:** Ocean Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*